Disclaimer: This Blog, its owner, creator & contributor is neither a research analyst nor an Investment Advisor and expressing opinion only as an Investor in Indian equities. He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog. Investors are advised to do own due diligence and/or consult financial consultant before acting on any such information.

The Gold rate was not at all stable as we knows,Its keep on fluctuating for some days and its increasing only.Spot gold failed to follow-through above $960, retreating to test support at $925. The long tail, however, indicates buying support. Failure of this level would test $900, while recovery above $950 would indicate another test of $1000 — confirmed if price rises above $960. In the long term, breakout above $1000 would signal a primary advance with a target of $1100*, while failure of support at $900 would test primary support at the April low of $865.* Target calculation: 1000 + ( 1000 - 900 ) = 1100The Gold Miners Index [GDX] respected resistance at $40 — a bearish sign for gold. Twiggs Money Flow (13-Week) bearish divergence indicates strong selling pressure. Downward breakout from the trend channel (below $35) or TMF reversal below zero would warn of a primary trend change and a similar outcome for the yellow metal.